Vaccarino, Elena, Darvas, Zsolt, (2016), ” “Social dumping”and posted workers: a new clash within the EU”, Bruegel, 7 March European companies often post employees to another EU country to work there temporarily. These ‘posted workers’ must be paid at least the minimum wage of the host country, yet their wages can be lower than the wages of local workers. Now proposals for ‘the same pay for the same work at the same place’ …Read More

Blanchard, Olivier, (2016), “Slow Growth Is a Fact of Life in the Post-Crisis World”, Peterson Institute for International Economics, 13 April Once the acute phases of the financial and euro crises were over, it was clear that it would take time for advanced economies to recover. The history of past financial crises gave a clear warning that recovery would typically be long and painful. Today, the scars are largely healed but growth is …Read More

Cukierman, Alex, (2016), “Global Crisis in the US vs the Eurozone: Banks and monetary policy”, VoxEu, 16 April Although it started in the US, the Global Crisis had non-negligible repercussions in Europe as well due to substantial purchases of subprime securities by European banks and financial institutions. Those problems were subsequently amplified by European sovereign debt crises experienced by countries with weak fiscal institutions. Both the Fed and the ECB reacted to …Read More